Content about Patrick Honohan

The Yes campaign has launched a dirty tricks campaign to hide the real implications of the Fiscal Treaty

The Yes campaign has launched a dirty tricks campaign to hide the real implications of the Fiscal Treaty.

The treaty would bring twenty years of hardship because of its demand for cutbacks of the order of €4 - €5 billion a year. Ireland has a huge level of debt for the size of its economy but the treaty demands that this be cut by one twentieth each year. On current figures, that is equivalent to stopping all spending on primary and secondary education.